Volume Of Bitcoin Futures Contracts At CME Increases By 950%
The number of trade deals with bitcoin futures on the CME derivatives exchange increased by 950% in just a few days, according to the CMEGroup's Twitter account.
On the first day of April 2019, there were 2162 bitcoin futures transactions. Four days later, the same figure consisted of 22,542 operations. Since one fixed-term contract on the stock exchange equals 5 BTC, 22,524 transactions total more than 112,000 bitcoins, approximately $560 million at the moment.
The indicators allowed the stock exchange to break the record fixed in February of this year, when the number of contracts for trading bitcoin futures reached 18,300.
In mid-March 2019, the Chicago Board Options Exchange announced on its official website that it no longer would provide new bitcoin futures.
Representatives of the company explained to customers that they need to revise their approach to derivatives trading and form a further strategy. Therefore, they decided not to add new futures instruments to bitcoin trading.
Earlier, the British LSE stock exchange added blockchain fund of the Invesco company to its listing.